In February 2008 Niall Booker became Chief Executive Officer of HSBC Finance Corporation. He will also succeed Brendan McDonagh as Chief Operating Officer of HSBC North America. In March 2007 HSBC Holdings appointed experienced and long-serving banker Niall Booker as chief operating officer, according to a company statement. Is Booker experienced in consumer […]
Rep. Brad Miller, who—along with a handful of other Democrats—is urging the mortgage industry to delay certain foreclosures until the FHA’s “Help for Homeowners” gets going. The program is a key component of the new housing legislation and is intended to help struggling barrowers stay in their homes. Brad Miller contacted HSBC Finance. […]
We know that some people subscribe to this HSBC news feed and do not read the customer complaints. Every now and then we receive a report that is so blatantly stupid that it angers the person that submitted it, our staff, and our readers. We also know that Kinght Vinke comments on HSBC […]
In a story from Canada HSBC was forced by the court to restore clear title to a man’s home when the judge decided HSBC failed to take steps to avoid the fraud. The bank “chose to put itself in proximity to the unknown fraudster in this transaction by dealing with him, yet it failed […]
Consider the direction taken by Wells Fargo which insulated Wells from the current subprime mess. Now consider the position of HSBC Plc, and specifically HSBC Finance. Consider, if you will, the people facing uncertainty and rumors of layoffs. HSBC Plc failed the employees of HSBC Finance and former Household International employees. […]
This crime reminds me of calculated risk taking by Household International and HSBC Finance. Steal from the customer, reap great benefits, and then pay the fine. The profits far outweigh the punishments. In the business world HSBC admitted no wrongdoing and paid the fine. This guy did some prison time and paid […]
WASHINGTON - Former Ohio Congressman Bob Ney was sentenced Friday to 30 months of incarceration for his role in the Jack Abramoff influence-peddling scandal. The Justice Department had asked for a term of 27 months in prison. Ney, the only member of Congress charged in the scandal, pleaded guilty last October to conspiracy […]
As those of us here at Household - HSBC Watch predicted years ago Representative Bob Ney of Ohio has finally fallen from grace. Rep. Robert Ney (R-OH) accepted thousands of dollars in gambling chips from a businessman who wanted help selling U.S. airplane parts to prohibited countries.
That charge is one of […]
A friend of predatory lender Household International and HSBC Representative Bob Ney, an Ohio Republican entangled in the corruption scandal centered on the former lobbyist Jack Abramoff, announced Monday that he would abandon his bid for re-election. The Justice Department has signaled for months that criminal charges against Mr. Ney, and possibly other […]
It pays - immensely - to enact state restrictions on America’s booming subprime mortgage industry, the Center for Responsible Lending reported. Consumers with marred credit or tight finances still get home loans easily and usually for a lower price when states govern subprime loans, researchers at the Durham, N.C.-based consumer advocacy group found.
Unfortunately Household International […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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